NPR – Obama Plan to Rein in Credit Default Swaps

Mr. MCPARTLAND: Reporting requirements will provide a lot more transparency to regulators as to who is doing what and who holds what positions.

KESTENBAUM: Would this have stopped the AIG problem?

Mr. MCPARTLAND: It very well might have with the data available, but also with the regulators in place to be routinely monitoring it, watching that data for potential problems. It very well could have stopped AIG from amassing a position as large as they did.

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